Veritone, Inc. (NASDAQ:VERI) Given Average Rating of “Hold” by Brokerages

Shares of Veritone, Inc. (NASDAQ:VERI) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

A number of equities research analysts have recently issued reports on VERI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Veritone in a report on Tuesday, December 2nd. Wall Street Zen downgraded Veritone from a “hold” rating to a “sell” rating in a research report on Saturday. D. Boral Capital restated a “buy” rating and issued a $23.00 target price on shares of Veritone in a report on Tuesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Veritone in a research report on Wednesday, January 21st.

Institutional Trading of Veritone

A number of hedge funds and other institutional investors have recently made changes to their positions in VERI. State of Wyoming purchased a new position in shares of Veritone during the fourth quarter worth $25,000. Franklin Resources Inc. purchased a new stake in shares of Veritone in the 3rd quarter valued at $50,000. Sherbrooke Park Advisers LLC acquired a new position in Veritone during the 3rd quarter worth about $80,000. Jefferies Financial Group Inc. acquired a new position in Veritone during the 3rd quarter worth about $82,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Veritone in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Veritone Stock Performance

Shares of VERI stock opened at $2.71 on Friday. Veritone has a 52-week low of $1.22 and a 52-week high of $9.42. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.77. The stock has a market cap of $248.81 million, a PE ratio of -4.04 and a beta of 2.16. The business has a 50-day simple moving average of $3.37 and a 200-day simple moving average of $4.47.

Veritone Company Profile

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.